MJ Gleeson plc (LON:GLE) Insider Sells £1,830,000 in Stock

MJ Gleeson plc (LON:GLE) insider Christopher H. B. Mills sold 300,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 610 ($8.16), for a total transaction of £1,830,000 ($2,447,833.07).

MJ Gleeson Trading Down 2.7 %

LON GLE opened at GBX 622 ($8.32) on Monday. MJ Gleeson plc has a one year low of GBX 381 ($5.10) and a one year high of GBX 645 ($8.63). The company’s 50 day moving average price is GBX 595.32 and its 200 day moving average price is GBX 555.53. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.89 and a current ratio of 5.79. The firm has a market capitalization of £363.12 million, a price-to-earnings ratio of 1,884.85 and a beta of 1.14.

MJ Gleeson Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be issued a GBX 7 ($0.09) dividend. This is a positive change from MJ Gleeson’s previous dividend of $4.00. The ex-dividend date is Thursday, October 24th. This represents a yield of 1.25%. MJ Gleeson’s dividend payout ratio (DPR) is presently 3,333.33%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 643 ($8.60) price objective on shares of MJ Gleeson in a research note on Wednesday, September 18th.

About MJ Gleeson

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.